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【Hong Kong Stock Night Futures + ADR + Northbound Funds】BYD ADR loses red background; Night Futures down 112 points (continually updating)
【Hang Seng Index/HSI/Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/HK stocks/Night futures/ADR】Oil prices continue to rise steadily. Night futures fell 112 points, to 24,739. The Hang Seng China Enterprises Index fell 0.9%, to 6,659. BYD’s ADR is 8% lower than the Hong Kong stock close.
| ADR | Converted to HKD | Change versus the close in Hong Kong | | BYD ADR | 98.32 | -7.68% | | Meituan ADR | 84.61 | -1.51% | | Tencent ADR | 487.04 | -1.29% | | HSBC ADR | 125.30 | +0.40% | | Alibaba US shares | 121.33 | -1.04% |
Northbound funds net out by HK$2.9 billion; buy Pop Mart and Meituan, while large sales of the Tracker Fund (All-World) (i.e.,盈富基金) by Alibaba and Xiaomi
Northbound funds recorded a net outflow of HK$2.88 billion. Fund inflow was mainly into Pop Mart （09992） and Meituan （03690） , attracting HK$460 million and HK$340 million respectively. Fei-Long Optical Fiber （06869） attracted HK$230 million; on the net outflow side, Tracker Fund (All-World) （02800） saw outflows of HK$3.56 billion, while Alibaba （09988） and Xiaomi （01810） recorded outflows of HK$660 million and HK$650 million respectively.
Hang Seng Index up 95 points but not yet steady above 25,000; BYD’s earnings beat boosts it up 3%; Meituan fluctuates down 0.9%; Pop Mart’s decline not over
Hong Kong stocks rebounded up nearly a hundred points, but they failed to hold above 25,000. The Hang Seng Index opened down 87 points, at 24,768. The trend then reversed upward; in the afternoon it rose by as much as 239 points, reaching a high of 25,095. The Hang Seng Index closed up 95 points, at 24,951. It still failed to stay above 25,000. Turnover was HK$263.08 billion. The Tech Index rose 0.3%, to 4,778. BYD （01211） rose more than 3% ahead of earnings. After earnings, Meituan （03690） still fell back 0.9%, despite weaker-than-expected guidance for ATM. Pop Mart （09992） fell another 0.7%.
U.S. stock market updates continuously—see: Next page
Finance Journal:
Intraday market trend:
【18:50】Northbound funds were outflowing by HK$2.9 billion on Friday; buy Pop Mart and Meituan, while selling the Tracker Fund (All-World) in bulk; Hang Seng Index night futures down 139 points
【16:10】Hang Seng Index repeatedly rose 95 points, closing at 24,951. It failed to stay above 25,000. Turnover was HK$263.08 billion. The Tech Index rose 0.3% to 4,778. BYD （01211） rose more than 3% ahead of earnings. Meituan （03690） after earnings fell back 0.9%, despite ATM being relatively soft against the trend. Pop Mart （09992） fell another 0.7%.
【16:10】【Property developers earnings】Longfor recorded a core loss for the first time last year; a loss of RMB 1.7 billion; no dividend declared; short-term debt due within one year of RMB 15.8 billion
【16:00】Hang Seng Index rose 103 points before the open, to 24,959; turnover HK$253.53 billion.
【16:00】【173 earnings】Modern Health Construction (K. Wah?) (嘉華) recorded a core loss of HK$1.29 billion last year. Final dividend cut 80% to 1 cent; expects Hong Kong residential property prices to rise at least 5% this year
【16:00】【981】SMIC shares down 1%; report says U.S. officials indicated SMIC provided chip-manufacturing equipment to Iran’s military
【15:43】SMIC （00981） fell more than 1%; Hua Hong Semiconductor （01347） fell 0.1%.
【15:40】Longfor （00960） fell 4% after results, breaking down to as low as HK$7.52. Longfor’s net profit last year was RMB 1.02 billion, down 90.2% year on year; it changed to not pay a final dividend.
【15:18】Meituan （03690） weakened toward the close and turned down 0.3%.
【14:00】Hang Seng Index’s rise eased; the latest gain narrowed to about 145 points. It hovered around the 25,000 level; in the afternoon it once hit 25,095.
【13:14】Market-wide gains expanded to 209 points, to 25,065.
【13:13】Leapmotor （09863） rose nearly 7%, reaching HK$49.76.
【13:01】In the early afternoon, Hong Kong stocks were up about 166 points, to 25,023. They regained the 25,000 level. Turnover was HK$139.7 billion. The Tech Index rose 1.1% to 4,814.
【12:54】【Insurance sector analysis】Ping An after results rose 0.7%, while China Life stabilized after a sharp drop the day before. Analysis: Investment losses weighed on results; which of the two insurance stocks is performing better?
【12:46】【267 earnings】CITIC Pacific/股份全年多賺0.9% Final dividend up 6.9% to RMB 0.385
【12:23】【Mobile games 2400 earnings】Chindami? (心動公司) revenue grew 89% to RMB 1.54 billion last year; cancelled dividend; game business revenue increased 10.5%
【12:23】【Pharmaceutical sector earnings】Innovent? (石四藥) net profit fell 56% last year; final dividend down 68% to 3 fen
【12:00】Hang Seng Index rebounded 137 points in half a day, to 24,993—just a step away from 25,000. Turnover was HK$135.78 billion. The Tech Index rose 1% to 4,811. Meituan （03690） rose more than 1% after earnings. BYD （01211） rose more than 4% ahead of earnings. Pop Mart （09992） spent nearly HK$600 million on share buybacks; the share price rebounded 0.9%.
【11:57】【883 analysis】CNOOC fell more than 1% after releasing results; Lyonn raised its target price. Analysis: “Its biggest advantage is that its extraction costs are super sharp.” With oil prices at $100, profits will definitely not be bad
【11:52】【Resources sector earnings】Nanshan Aluminum International’s profit grew 1% last year; alumina prices continue to fall; business pressure persisted in the first half
【11:40】Market-wide gains expanded to 100 points, reaching 24,975. Testing a recovery of the 25,000 level for the close.
【11:23】Before the noon close of Hong Kong stocks, the Hang Seng Index was up about 43 points, touching 24,900.
【11:17】【3690 analysis】Meituan rose about 2% after earnings. Citigroup raised its rating and target price. Analysis: At the current level it’s “well-priced,” but it is expected that over the next two to three quarters, its business “won’t be particularly good”
【10:58】BYD （01211） rose more than 4%, reaching HK$107.7.
【10:47】Meituan （03690） turned up 3%, hitting HK$90.7. It helped lift the broader market by about 80 points; the index was at 24,935. Turnover was HK$98.9 billion. The Tech Index rose 0.9% to 4,805.
【10:42】【9992】Pop Mart shares stopped the slide and briefly rebounded 4%. It spent nearly HK$600 million on buybacks. After the earnings release, it accumulated a three-tenths decline over two days
【10:24】MINIMAX （00100） down 6%, low 920; Zhipu （02513） down half a percent, low 641.5.
【10:15】BYD （01211） , which will release earnings today, saw its share price do well ahead of earnings. The latest is up more than 3%, high 107.5.
【10:12】Sinodata Bio （01801） rose nearly 7% after earnings, reaching HK$85.55.
【1801 earnings】Sinodata Bio achieved profitability for the first time last year—RMB 814 million. Maintains no final dividend
【10:09】Zijin （02899） up 0.4%; Zijin Mining Group International （02259） up more than 2%; Zhaojin （01818） and Shandong Gold （01787） both up more than 1%; Lingbao Gold （03330） up nearly 3%.
【Gold price trend】Gold prices regained part of their losses. Trump again postponed the deadline for reaching an agreement with Iran. The Turkey central bank’s sale of more than $8 billion in gold intensified downward pressure on gold prices
【10:09】Pony.ai （02026） plunged more than 13% after earnings, breaking down to a low of HK$73.2.
【2026 earnings】Pony.ai’s adjusted loss was $174 million last year, expanding nearly 32% year on year. Targeting an unmanned taxi fleet scale by end of this year expanding to 3,000 vehicles
【09:53】After Hong Kong stocks opened, they turned higher at one point, but the rebound strength was insufficient. They then fell again by more than 100 points, to 24,725. Down 130 points. Turnover was HK$50.9 billion. The Tech Index fell 0.7% to 4,727.
【09:22】Hang Seng Index continued to open lower by 87 points, at 24,768. Turnover was HK$3.35 billion. The Tech Index fell 0.4% to 4,740. Meituan （03690） fell 0.6% after earnings. AIA （01299） fell more than 3%. Pop Mart （09992） its share price stabilized and rebounded more than 1%.
【3690 earnings】Meituan’s Q4 adjusted loss of RMB 15.08 billion came in below expectations. Wang Xing: The quarter-on-quarter improvement in the loss per delivery for the first quarter; focusing on building an “AI super entry,” not doing a “Token factory” (Second edition)
【09:03】Hang Seng Index futures (night) fell about 94 points, to 24,723.
【07:50】【New stock IPO】Tong Ren Tang Medical and Health (2667) delayed the offering and listing plan; considering multiple factors including current market conditions; application funds will be returned
【07:45】【Morning key points】Meituan’s Q4 adjusted loss of RMB 15.08 billion came in below expectations｜Hong Kong global financial center index ranks third worldwide, and first in Asia-Pacific｜Cathay Pacific adds fuel surcharge again
【07:45】From what Trump discussed, there has been progress in the Iran situation. Night futures fell 8 points, closing at 24,782. The Hang Seng China Enterprises Index fell 2.6%, closing at 6,721. After Meituan’s earnings, its ADR price once did well, up as much as 3.8% versus Hong Kong, but due to macro conditions, the price turned down at the close, 1.6% lower than the Hong Kong close.
| ADR | Converted to HKD | Change versus the close in Hong Kong | | Meituan ADR | 85.29 | -1.62% | | Tencent ADR | 490.94 | -0.94% | | HSBC ADR | 124.62 | -0.14% | | Alibaba US shares | 122.67 | -0.27% |
More Hong Kong stock ADR and China concept stock quotes:
【07:30】Inflation concerns persist. The Dow closed down 469 points, at 45,960. The S&P 500 fell 1.7%, to 6,477. The Nasdaq fell 2.4%, to 21,408.
Live look at the U.S. stock market close:
Hong Kong stocks’ previous day intraday conditions; for details, see: [Hang Seng Index night futures + ADR + Northbound funds] Night futures closed down 8 points; Meituan ADR is 2% lower than Hong Kong